The big lesson from this whole Omnidrive saga is make sure you communicate openly with your Investors and customers. It is my understanding that Omnidrive is no longer, and I have not heard from Nik for months, plus I believe customers have not received any word either.

I wrote a blog post back in May 2008 regarding my concern with my investment in Nik Cubrilovic and Omnidrive at that time.

As of a few weeks ago it appears as though Omnidrive no longer exists and Nik is no where to be found.

As the major investor in Omnidrive I am stunned not to have received any information from Nik on what’s been happening over the last few months. I have emailed him a number of times, but have not had a single reply. The last I heard he was flying around the world, after launching Techcrunch IT, and also building the Techcrunch tablet for Michael Arrington.

Quick run down…

  1. The Omnidrive domain seems to have been sold (?) to Amnesty Financial Plus.
  2. Not sure what (if anything) has happened to the Omnidrive IP. Did Nik also sell the IP?
  3. There is a long list of creditors left behind.
  4. No word from Nik to investors or customers.

God it sounds like I am bitching, oh well, there goes USD$100k, so be it.

Lesson: Your investors are here to help you, keep them informed and you have a much higher likelihood of receiving help.